Major Crypto Exchanges To Accept BlackRock’s $2.9 Billion Tokenized Money Market Fund As Collateral
Riobert Mitchnick (left), head of digital assets at BlackRock, and Michael Sonnenshein, COO at Securitize
Securitize
For years, crypto traders posting collateral on exchanges have faced a tough tradeoff: use stablecoins like USDC or tether, which are, well, stable but pay no yield, or roll the dice with volatile assets like bitcoin and ether, risking a double hit when markets turn south: losses on your trade and on the collateral backing it.
Collateral plays a critical role in crypto. It’s the security deposit behind leveraged bets, ensuring traders can cover their losses when things don’t go their way. But until now, the options were limited: stable but idle, or productive but unpredictable.
Now, there’s a third…
